Loan Comparison: 3.45% vs 6.5%
4202 Florence, Evans, CO 80620 · 3bd/2ba · $509,900
List Price
$509,900
Assumable Rate
3.45%
Remaining Balance
$370,788
Equity Gap
$138,382
Loan Type
FHAAdjust Your Scenario
$25,495
$25,495$138,382
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 4.63%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,062/moAssumable @ 3.45% + gap loan
$2,523/moAssumed loan: $1,655/mo
Gap financing: $868/mo
$539less per month with the assumable
Your Savings on This Property
4202 Florence, Evans · 3.45% FHA vs 6.5% conventional
$539
per month
$6,469
per year
$194,074
over 30 years
$193,344
interest saved
How gap financing works: The equity gap ($138,382) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($25,495, 5% of purchase price) and a second mortgage for the rest ($112,887 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
🏠
Back to This Listing
View photos, details, and request a showing for 4202 Florence.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.